Happy Thursday good lads and ladettes! Let’s dive in!
As always… stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles):
Gold: $2482.10
Oil (WTI): $77.94
US 10Y Treasury: 3.942%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! @vertex_protocol has arrived on @SeiNetwork!
This is just the latest new deployment as Vertex continues expanding its presence across the defi-verse!
In addition, for the next six weeks, 850K $SEI will be up for grabs as trading rewards each week! This is available exclusively for traders on Sei and you can get more details in the thread below!
As always, Vertex currently offers over 50 different perps and spot markets with an experience just as smooth as any centralized exchange, utilizing a state of the art cross-chain liquidity infrastructure via their Edge system @EdgeLayer! In addition, if you like juicy yields, you can also stake VRTX to benefit from both ‘RealYield’ paid in USDC and the official VRTX buyback & burn program!
Learn more about this latest update via the thread below, visit the Vertex site now at app.vertexprotocol.com, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are almost uniformly red today. Only top 40 chains green on the daily are BSquared (#29), dYdX (#30), Fantom (#36), and EOS (#38).
Protocols are also very red today. Only top 40 protocols green on the daily are JustStables (#21), Hyperliquid (#36), and Coinbase Wrapped Staked ETH (#40).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @aequorfinance. Twitter bio states “Dynamic Yields, Farming and Lending all in one place.” Followed by 7 of our mutuals. h/t @twindoges:
-Something new called @Infinit_Labs. Twitter bio states “Building the First DeFi Abstraction Layer. Launch and Scale any DeFi protocol in minutes. Backed by @ElectricCapital , @mirana , @robotventures , and more.” Followed by 21 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-SEC approves a levered-long MicroStrategy ETF:
-New US retail sales data generating lots of discussion in macro circles, h/t @charliebilello:
-@Matt_Hougan on yesterday’s inflation data:
-@NickTimiraos on the same:
-Interesting NFT stats for the last week from @NPC_68, with Solana apparently leading on users and revenue and ETH Mainnet apparently leading on volume:
-$COIN bull case from @ZachLight16:
-Interesting story re: Apple Pay and potential $USDC integrations, long-form explanation of implications from @jerallaire:
-RWA among many altcoin sectors seeing poor performance this month, h/t @CryptoStreamHub:
-Interesting story re: the memecoin $ZYN:
-Sentiments c/o @kellyjgreer:
-Sentiments c/o @pythianism:
-New @0xresearch roundtable discussing pumpdotfun and a bunch of other stories/topics in crypto right now:
-Overview of this week’s crypto news from @Dynamo_Patrick:
-New roundtable discussion from @Unchained_pod featuring @joemccan and @krugermacro and others discussing all the top stories in crypto:
-Parting wisdom c/o @criptopaul via @QuotableCrypto:
Conclusion
Have a great Thursday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer that will facilitate composable privacy solutions within the EVM itself...
To quote their most recent article below:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum on everything @silentdao_ is working on, so make sure to check out the below article, and follow Silent on Twitter for more updates!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.